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China Holds The Cards In Trump’s Trade War
China Holds The Cards In Trump’s Trade War
The Trump administration continues to play hardball games with China on trade. The latest news has China angry over Trump going forward with 25% tariffs on an array of Chinese goods after having reached a deal earlier over phone-maker ZTE.
As Bloomberg notes, the announcement by Trump, which seemed to tear up an agreement reached only 10 days ago in Washington, is the latest twist in a trade dispute between the U.S. and China that has rattled financial markets for months and could threaten the broadest global upswing in years, according to the International Monetary Fund.
That said, if Bloomberg is upset about this policy from Trump I’m inclined to be sympathetic. But, that’s just me being churlish. Reality is that this kind of behavior only adds fuel to the building devaluation fire building in Beijing……more here
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